Research shows that most executives feel growing short-term pressure is distorting business decisions and destroying value.

 

One effective response has been shifting away from quarterly earnings per share guidance in favor of long-term roadmaps tied to fundamental economic drivers and key performance indicators.

 

While corporate reporting remains essential, quarterly guidance often fuels short-termism without real benefits. Companies that continue to issue quarterly earnings guidance prioritize short-term gains over long-term strategy, sacrificing investment opportunities and undermining their base of stable, long-term shareholders.

Reports

Report

Moving Beyond Quarterly Guidance: A Relic of the Past

October 23, 2017

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Articles

Article

“Gold Standard” Companies Have Ditched Quarterly Guidance, You Should Too

April 15, 2025

In today’s climate of economic volatility and heightened scrutiny of short-term thinking, an increasing number of high-performing companies—especially those considered “gold standard” firms—do not provide...

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Article

The End of Quarterly Guidance: A New Era for Corporate Strategy

October 17, 2024

For years, the corporate world was entrenched in the practice of providing quarterly earnings per share (EPS) guidance. The latest data shows it may finally...

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Article

A Look at Long-Term Guidance Trends in 2022

July 27, 2023

As we look ahead to earnings seasons in 2023 and beyond, companies that resist the temptation to issue quarterly guidance, and instead focus on issuing...

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Article

2021 Data Shows a Resurgence of Quarterly Earnings Guidance

February 25, 2022

Quarterly EPS guidance is inherently short-term, but more companies returned to the practice last year.

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Article

CFA Institute Settles Debate on Investment Reporting 

November 13, 2020

CFA’s Director of Investment Performance joins webinar on risk management to discuss order of performance reporting. 

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Article

Establishing a long-term time frame with performance reporting

March 23, 2020

Global investors take action by reporting on long-term returns.

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Article

FCLTGlobal Weighs in on Quarterly IR Communications With the SEC

April 5, 2019

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Article

Guiding Our Way to Quarterly Behavior? Promoting Long-Term Thinking and Greater Transparency

October 9, 2018

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Article

Corporate Guidance Policies Shifting in the Right Direction

August 1, 2018

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Article

Discussion: The Impact of Reporting Frequency on UK Public Companies

April 21, 2017

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Toolkits

Toolkit

Survey: Investor Guidance Preferences

October 25, 2018

We are exploring the most effective ways for corporations to communicate their long-term plan and prospects to the investment community.

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Videos

Video

Sarah Williamson on Ending Quarterly Guidance

September 25, 2017

CEO Sarah Williamson shares her thoughts on quarterly guidance and companies' and investors' on going focus on quarterly results.

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